General Mills (GIS)

• Market cap: $35.1B
• 1 day: -0.62%
• 5 days: -4.78%
• 1 month: -0.30%
• 3 months: -14.63%
• 6 months: -4.62%
• Year to date: -4.70%
• 1 year: -1.12%
• 5 years: 19.39%
• 10 years: 16.97%
• Sector: Consumer Staples
• Industry: Grain Mill Products

About: General Mills is a global packaged food company that produces snacks, cereal, convenient meals, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2024, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. Although most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.

Employees: 34,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

25% more first-time investments, than exits

New positions opened: 149 | Existing positions closed: 119

20% more call options, than puts

Call options by funds: $292M | Put options by funds: $242M

17% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]

10% more capital invested

Capital invested by funds: $27.9B [Q2] → $30.7B (+$2.79B) [Q3]

2% more funds holding

Funds holding: 1,505 [Q2] → 1,535 (+30) [Q3]

4.01% less ownership

Funds ownership: 79.13% [Q2] → 75.11% (-4.01%) [Q3]

28% less repeat investments, than reductions

Existing positions increased: 478 | Existing positions reduced: 662

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $64 1% upside
• Avg. target: $70 10% upside
• High target: $80 26% upside

9 analyst ratings

• positive: 2 22%
• neutral: 7 78%
• negative: 0 0%

Barclays Andrew Lazar 50% 1-year accuracy 8 / 16 met price target	7% upside $68	Equal-Weight Maintained	20 Dec 2024
Citigroup Thomas Palmer 38% 1-year accuracy 13 / 34 met price target	5% upside $67	Neutral Maintained	19 Dec 2024
TD Cowen Robert Moskow 46% 1-year accuracy 21 / 46 met price target	1% upside $64	Hold Maintained	19 Dec 2024
Stifel Matthew Smith 50% 1-year accuracy 16 / 32 met price target	23% upside $78	Buy Maintained	19 Dec 2024
RBC Capital Nik Modi 31% 1-year accuracy 11 / 36 met price target	10% upside $70	Sector Perform Reiterated	19 Dec 2024